Islamic banking a `jihad’ worth pursuing, BUSINESS TIMES.
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IT WAS said that there was a time when a few hundred millions of ringgit “went missing” during rice harvest seasons every year, absent from the ledgers and books of banks around the country. The money collected by Muslim farmers, traders and millers, especially in the so-called Quranic Belt states of Perlis, Kedah, Kelantan and Terengganu, instead were kept somewhere else - under the proverbial mattresses and jars, invested in assets like properties before they got slowly released into the system. Kelantanese women are known to still buy gold whenever they have extra cash, a precious metal that could be liquidated quickly when the need arises. There were also Muslims, who while they did make use of the banks to put their money for safekeeping, would forego the interests due… |